HOUSING INDICATORS POINT TO CONTINUED
RECOVERY IN SEPTEMBER
According to the Georgia Association of Realtors®, inventory is on the rise, with a six-year high for new construction, according to the U.S. Commerce Department. Housing indicators for Atlanta, Georgia for the month of September are forecasted as follows:
Median Prices rose 14% to $165,000
Average Prices rose 12% to $204,314
New Listings increased 10%
Pending Sales increased 25%
Closed Sales increased 12%
Inventory Levels increased 3.2% to 45,112
Months Supply of Homes for Sale decreased 3.3%
Days on Market increased 2.8% to 74 days
Percent of Original Price Received decreased .07% to 94.2%
